{"id":30596,"date":"2020-10-23T14:14:11","date_gmt":"2020-10-23T11:14:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30596"},"modified":"2025-08-27T23:05:29","modified_gmt":"2025-08-27T20:05:29","slug":"ecb-outlines-use-cases-for-the-digital-euro","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ecb-outlines-use-cases-for-the-digital-euro\/","title":{"rendered":"ECB outlines use cases for the digital euro"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The digital euro could provide access to simple and secure payments, but its rollout also carries risks. This was <a href=\"https:\/\/www.bis.org\/review\/r201022f.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> by Fabio Panetta, a member of the European Central Bank&#8217;s Executive Board (ECB).<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">The new payment instrument will help digitalise payments and modernise the European economy, he emphasised.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Panetta noted that the digital euro could be necessary in a number of circumstances \u2014 for example, in the context of a mass move away from cash. It could also be needed if other electronic payment methods become unavailable due to disasters or &#8216;foreign digital payment means displace domestic money&#8217;.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZFtpiweunm\">\n<p>What is central bank digital currency (CBDC)?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"What is central bank digital currency (CBDC)? \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-tsifrovaya-valyuta-tsentrobankov-cbdc\/embed#?secret=1Tuijn2jNB#?secret=ZFtpiweunm\" data-secret=\"ZFtpiweunm\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Among the risks of introducing the new instrument, Panetta cited cyberattacks, as well as potential impacts on financial stability and the banking system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier in October the ECB <a href=\"https:\/\/u1f987.com\/en\/news\/ecb-steps-up-work-on-digital-euro\"><span style=\"font-weight: 400;\">published<\/span><\/a><span style=\"font-weight: 400;\"> a report on the possible issuance of a digital euro and said that consultations and experiments with CBDC would begin soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On why central banks around the world are pursuing their own digital currencies, read ForkLog&#8217;s exclusive.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"nQ8hZGoUJ7\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/how-and-why-central-banks-create-digital-currencies-cbdcs\">How and why central banks create digital currencies (CBDCs)<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"How and why central banks create digital currencies (CBDCs) \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/central-bank-digital-currencies-cbdc-china-dcep\/embed#?secret=4OLyfl0Zsi#?secret=nQ8hZGoUJ7\" data-secret=\"nQ8hZGoUJ7\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The digital euro could provide access to simple and secure payments, but its rollout also carries risks. This was stated by Fabio Panetta, a member of the ECB&#8217;s Executive Board (ECB).<\/p>\n","protected":false},"author":1,"featured_media":30597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1410],"class_list":["post-30596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-ecb"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30596"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30596\/revisions"}],"predecessor-version":[{"id":30598,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30596\/revisions\/30598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30597"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}